It varies from bank to bank. It also depends on the following factors:
Your credit score
Whether you have a bank account or not
If you are looking for a personal loan, you can apply as follows:
By visiting the bank branch directly
By contacting and meeting with the bank's sales representative
Apply online on the bank's website
A business loan is an unsecured loan offered by almost all banks, non-banking finance companies (NBFCs), etc. without any collateral, guarantor or assumption of any assets. Its tenure ranges from 1 year to 3 years.
Eligibility for a business loan depends on the following factors:
Credit score of the loan applicant / co-applicant
Your income is the financial position of the borrower for the last 2 years
Information such as loan service coverage ratio whether the borrower can offer EMI service for the existing loan.